PDF Solutions (NASDAQ:PDFS) Sets New 1-Year High – Time to Buy?

PDF Solutions, Inc. (NASDAQ:PDFS)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $60.42 and last traded at $60.2680, with a volume of 96786 shares. The stock had previously closed at $56.30.

Analysts Set New Price Targets

PDFS has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $56.00 price objective on shares of PDF Solutions in a research report on Monday, May 18th. Rosenblatt Securities restated a “buy” rating and set a $52.00 target price on shares of PDF Solutions in a report on Tuesday, May 19th. Wall Street Zen upgraded PDF Solutions from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Weiss Ratings upgraded PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $54.00.

PDF Solutions Stock Up 1.0%

The firm has a 50 day moving average price of $44.15 and a 200-day moving average price of $35.79. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.27 billion, a PE ratio of 315.12 and a beta of 1.71.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.08. PDF Solutions had a return on equity of 6.48% and a net margin of 3.10%.The business had revenue of $60.13 million during the quarter, compared to analysts’ expectations of $59.71 million. Research analysts forecast that PDF Solutions, Inc. will post 0.67 EPS for the current fiscal year.

Institutional Investors Weigh In On PDF Solutions

Institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its stake in PDF Solutions by 122.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company’s stock worth $32,000 after purchasing an additional 615 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in PDF Solutions during the fourth quarter worth approximately $82,000. Johnson Financial Group Inc. purchased a new stake in PDF Solutions during the third quarter worth approximately $83,000. Tower Research Capital LLC TRC lifted its stake in PDF Solutions by 257.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,442 shares during the last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in PDF Solutions during the third quarter worth approximately $100,000. Hedge funds and other institutional investors own 79.51% of the company’s stock.

About PDF Solutions

PDF Solutions, Inc, headquartered in Santa Clara, California, is a technology company that provides data-driven solutions for the semiconductor manufacturing industry. Founded in 1991, the company specializes in software and services designed to improve yield, productivity and profitability for semiconductor fabricators. Over its history, PDF Solutions has positioned itself as a partner to foundries, integrated device manufacturers (IDMs), assembly and test operations, offering tailored data analytics and engineering expertise.

The company’s flagship offering, the Exensio platform, aggregates and analyzes data from process equipment, metrology and inspection systems to identify yield-limiting defects and process excursions.